The Affordable Care Act Part 10 – Premium Tax Credit

Starting in 2014, individuals and families can take a new premium tax credit to help them afford health insurance coverage purchased through a Health Insurance Marketplace. The premium tax credit is refundable, so taxpayers who have little or no income tax liability can still benefit. The credit also can be paid in advance to a […]

The Affordable Care Act Part 9 – Q.H.P.’s

Qualified Health Plans Under the Affordable Care Act, starting in 2014, an insurance plan that is certified by a Health Insurance Marketplace provides essential health benefits, is a standardized plan, and meets other requirements. A qualified health plan will have a certification by each Marketplace in which it is sold. Essential Health Benefits Health plans […]

The Affordable Care Act Part 7 – The Marketplace

With key parts of the ACA becoming effective in 2014, the Health Insurance Marketplace will allow individuals and small businesses to compare private health insurance plans, get answers to questions, find out if they are eligible for tax credits to purchase private insurance or for health programs like Medicaid or the Children’s Health Insurance Program […]

The Affordable Health Care Act Part 6–The Individual Mandate

Beginning January 1, 2014, the Affordable Care Act requires all non-exempt U.S. citizens and legal residents to have qualifying health coverage or pay a tax penalty. The individual mandate makes it possible for everyone, including people with pre-existing conditions such as cancer, diabetes and health disease, to get health insurance. Without the individual mandate requirement, […]